NEW PISGAH HAVEN HOMES

EIN: 363938974 501(c)(3) Housing & Shelter

CHICAGO, IL

Total Revenue
$1,188,762
Total Expenses
$1,314,011
Total Assets
$2,675,805
Net Assets
$2,613,404
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
IL
Principal Officer
WAYNE SMITH
Phone
7732248650
Tax Period
2024-06-01 to 2025-05-31

NEW PISGAH HAVEN HOMES, founded in 1997, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024. Expenses of $1.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING TO LOW AND MODERATE INCOME TENANTS WHO ARE SENIOR CITIZENS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,184,901
Investment Income $61
Other Revenue $3,800
TOTAL REVENUE $1,188,762

Expense Breakdown

Grants Paid $689
Salaries & Benefits $658,838
Fundraising Expenses $0
Program Expenses $973,231
Other Expenses $654,484
TOTAL EXPENSES $1,314,011

Year-over-Year Comparison

2024 2023 Change
Revenue $1,188,762 $1,139,869 +0.0%
Expenses $1,314,011 $1,250,831 +0.1%
Net Income $-125,249 $-110,962 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
7
Employees
20
Volunteers
8

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$125,313
Total Directors
12
$125,313
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHIRLEY WATKINS SECRETARY/PROPERTY MANAGER 42.00
Officer Director
$92,844 $12,069 $104,913
WAYNE SMITH PRESIDENT 2.00
Officer Director
$18,053 $2,347 $20,400
STAN SMITH BOARD CHAIR (THRU OCT 2024) 2.00
Officer Director
$0 $0 $0
CARLOS NELSON BOARD VICE-CHAIR 2.00
Officer Director
$0 $0 $0
HERRIN MALONE TREASURER 1.00
Officer Director
$0 $0 $0
TRACEY SANDERS RECORDING SECRETARY 1.00
Officer Director
$0 $0 $0
DARLETTE BAUGH MEMBER 1.00
Director
$0 $0 $0
JULIAN COLEMAN MEMBER (THRU NOV 2024) 1.00
Director
$0 $0 $0
GERALD HARRIS MEMBER 1.00
Director
$0 $0 $0
RICKY ROBINSON MEMBER 1.00
Director
$0 $0 $0
HENRY SANDERS MEMBER 1.00
Director
$0 $0 $0
VANESSA TALIFERRO MEMBER (THRU NOV 2024) 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,188,762 $1,314,011 $2,675,805 $-125,249
2024 $1,139,869 $1,250,831 $2,821,389 $-110,962
2023 $5,314,523 $1,213,009 $2,974,783 $4,101,514
2022 $1,067,093 $1,192,508 $3,042,668 $-125,415
2021 $1,081,429 $1,099,805 $3,124,695 $-18,376
2020 $1,053,062 $1,106,345 $3,150,253 $-53,283
2019 $1,033,849 $1,096,684 $3,466,678 $-62,835
2018 $1,057,198 $1,043,347 $3,314,173 $13,851
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